Shares of AllianceBernstein Global High Income Fund (NYSE:AWF - Get Free Report) saw strong trading volume on Friday . 444,548 shares changed hands during trading, an increase of 106% from the previous session's volume of 215,787 shares.The stock last traded at $10.78 and had previously closed at $10.96.
AllianceBernstein Global High Income Fund Price Performance
The company has a 50 day moving average of $10.87 and a 200 day moving average of $10.94.
AllianceBernstein Global High Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be given a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Thursday, March 6th.
Hedge Funds Weigh In On AllianceBernstein Global High Income Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in AllianceBernstein Global High Income Fund by 2.3% in the fourth quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund's stock worth $1,177,000 after purchasing an additional 2,478 shares in the last quarter. Cetera Investment Advisers grew its holdings in AllianceBernstein Global High Income Fund by 163.4% during the 4th quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund's stock worth $898,000 after acquiring an additional 51,893 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of AllianceBernstein Global High Income Fund by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 67,344 shares of the closed-end fund's stock worth $723,000 after acquiring an additional 3,866 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of AllianceBernstein Global High Income Fund by 147.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,440 shares of the closed-end fund's stock worth $305,000 after purchasing an additional 16,968 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new stake in shares of AllianceBernstein Global High Income Fund during the fourth quarter valued at approximately $631,000.
AllianceBernstein Global High Income Fund Company Profile
(
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AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.
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